UK economy ‘near stalling’ as service sector slows UK economic growth is “near stalling”, partly due to uncertainty over the EU referendum, according to a closely-watched survey.

UK economic growth is “near stalling”, partly due to uncertainty over the EU referendum, according to a closely-watched survey.

Research firm Markit said its Purchasing Managers’ Index (PMI) surveys for April pointed to growth of just 0.1% in the month.

The latest PMI survey indicated the UK’s services sector grew at its slowest pace in three years in April.

The services PMI reading fell to 52.3 from 53.7 in March.

A reading above 50 indicates growth.

 

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Economy, General